Envision Life Consortium Inc

04/18/2019

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04/04/2019

Schemes involving falsifying income, creating bogus documents make IRS’ ‘Dirty Dozen’ list for 2019

IRS YouTube Videos:
Dirty Dozen – English | Spanish | ASL

WASHINGTON — The Internal Revenue Service today warned taxpayers to avoid schemes involving falsifying income, including the creation of bogus Forms 1099.

Con artists commonly use this trick as well as related scams designed to get taxpayers to erroneously claim tax credits they aren’t entitled to.

The warning about falsified income came as part of the agency’s release of its 2019 list of “Dirty Dozen” tax scams.

The list, compiled annually by the IRS, describes a variety of common scams that taxpayers may encounter. Many of the “Dirty Dozen” schemes peak during filing season as people prepare their tax returns or hire others to help them.

Scams can lead to significant penalties and interest and possible criminal prosecution. IRS Criminal Investigation works closely with the Department of Justice to shutdown scams and prosecute the criminals behind them.

Don’t make up income or create forms

Some people falsely increase the income they report to the IRS. This scam involves inflating or including income on a tax return that was never earned, either as wages or self-employment income, usually to maximize refundable tax credits, such as the Earned Income Tax Credit (EITC).

Like falsely claiming an expense or deduction, claiming income that was never earned is also illegal. Taxpayers can face a large bill to repay the erroneous refunds, along with penalties and interest. In addition, their future eligibility to claim the EITC may also be affected. They could even face criminal prosecution.

Remember, taxpayers are ultimately responsible for the accuracy of their tax return even if they pay someone else to prepare it.

Fake Forms 1099-MISC

The IRS also cautions taxpayers to avoid getting caught up in scams disguised as a debt payment option for credit cards or mortgage debt. This scheme usually involves the filing of a Form 1099-MISC, Miscellaneous Income, and/or bogus financial instruments such as bonds, bonded promissory notes or worthless checks.

Unscrupulous promoters of these scams often argue that the proper way to redeem or draw on a fictitious “held-aside” account is to use some form of made-up financial instrument, such as a bonded promissory note, that purports to be a debt payment method for credit cards or mortgage debt. These con artists provide fraudulent Forms 1099-MISC that appear to be issued by a large bank, loan service or mortgage company with which the taxpayer may have had a prior relationship. Form 56, Notice Concerning Fiduciary Relationship, may also be used by participants to assign fiduciary responsibilities to the lenders. Taxpayers may encounter unethical return preparers who try to lure them into these scams.

Choose a tax professional wisely

Hiring a tax professional is an important decision. Choose carefully. Well-intentioned taxpayers can be misled by tax preparers who don’t understand taxes or who mislead people into taking credits or deductions they aren’t entitled to just to increase their fee. Every year, these types of tax preparers face penalties including prison time for defrauding their clients.

www.irs.gov/chooseataxpro has additional information to help taxpayers including tips on choosing a preparer, the differences in credentials and qualifications, as well as how to submit a complaint regarding an unscrupulous tax return preparer.

Learn how to choose a qualified tax return preparer and access the IRS Directory of Federal Tax Return Preparers with Credentials and Select Qualifications.

04/04/2019

Esquemas que incluyen falsificación de ingresos y documentos se incluyen en lista "Docena Sucia" del IRS
Video de YouTube del IRS

WASHINGTON — El servicio de Impuestos Internos advirtió hoy a los contribuyentes que eviten esquemas que incluyen la falsificación de ingresos, incluida la creación de formularios 1099 falsos.

Los estafadores comúnmente usan este truco, así como estafas relacionadas, para conseguir que los contribuyentes reclamen erróneamente créditos tributarios a los que no tienen derecho.

La advertencia de la falsificación de ingresos es parte de la lista de estafas tributarias de la agencia para 2019, "Docena Sucia".

La lista recopilada anualmente por el IRS describe varias estafas comunes que los contribuyentes pueden enfrentar. Muchas de los esquemas en la “Docena Sucia” alcanzan su punto máximo durante la temporada de presentación de impuestos ya que la gente prepara sus declaraciones o contratan a otros para ayudarles.

Las estafas pueden resultar en multas significativas e intereses, y posibles cargos criminales. La División de Investigación Criminal del IRS trabaja en estrecha colaboración con el Departamento de Justicia para terminar con las estafas y procesar a los criminales detrás de éstas.

No invente ingresos ni formularios
Algunas personas aumentan falsamente los ingresos que declaran al IRS. Esta estafa involucra exagerar o incluir ingresos que nunca ganó en una declaración de impuestos, ya sea como salarios o ingresos del trabajo por cuenta propia, generalmente para maximizar los créditos tributarios reembolsables, tales como el Crédito Tributario por Ingreso del Trabajo (EITC).

Al igual que no es correcto reclamar un gasto o deducción, reclamar ingresos que no ganó también es ilegal. Los contribuyentes pueden enfrentar una factura alta para pagar los reembolsos erróneos, e incluyen multas e intereses. Además, su futura elegibilidad (en inglés) para reclamar el EITC también puede verse afectada. En algunos casos, incluso pueden ser procesados criminalmente.

Recuerde, los contribuyentes son legalmente responsables por la información incluida en la declaración de impuestos, aunque otro sea quien la prepare.

Formularios 1099-MISC falsos
El IRS también advierte a los contribuyentes que eviten caer en las estafas disfrazadas como una opción de pago de deudas para tarjetas de crédito o deuda hipotecaria. Esta estafa suele involucrar la presentación de un Formulario 1099-MISC, Ingresos Misceláneos, y/o instrumentos financieros falsos, tales como bonos, pagarés garantizados o cheques sin valor.

Los promotores sin escrúpulos de estas estafas a menudo argumentan que la forma correcta de redimir o usar una cuenta adicional ficticia es usar algún tipo de instrumento financiero inventado, como un pagaré bonificado que pretende ser un método de pago para una deuda de tarjetas de crédito o de hipoteca. Los estafadores proveen Formularios 1099-MISC fraudulentos que parecen ser emitidos por un banco, un servicio de préstamos y/o una compañía hipotecaria con la cual el contribuyente pudo haber tenido una relación previa, para perpetrar más el plan. Los participantes de esta estafa también pueden usar el Formulario 56, Aviso Relacionado con la Relación Fiduciaria, para asignar responsabilidades fiduciarias a los prestamistas. Los contribuyentes pueden encontrar preparadores de impuestos deshonestos que les presentan estas estafas.

Elija un profesional de impuestos con cuidado
Contratar a un profesional de impuestos es una decisión importante. Seleccione cuidadosamente. Los contribuyentes bien intencionados pueden ser engañados por preparadores que no entienden los impuestos o que engañan a las personas a tomar créditos o deducciones que no le corresponden para aumentar su cuota. Cada año, estos tipos de preparadores de impuestos enfrentan multas y hasta encarcelamiento por defraudar a sus clientes.

www.irs.gov/chooseataxpro (en inglés) tiene información adicional para ayudar a los contribuyentes que incluyen consejos acerca de cómo seleccionar un preparador, las diferencias en las credenciales y calificaciones, así como la manera de presentar una queja acerca de un preparador inescrupuloso.

Learn how to choose a qualified tax return preparer and access the IRS Directory of Federal Tax Return Preparers with Credentials and Select Qualifications.

03/28/2019

Lunes 15 de abril es el último día de declarar sus impuestos. Haga una cita con nosotros, estaremos listo para ayudar!

03/28/2019

Monday April 15th is the last day to file your tax return. Make an appointment with us today, we will be glad to help you!

02/26/2019

4 Ways to Have a Great 2019

#3 Fully fund your 2018 AND 2019 Roth IRA. This is $5,500 in for ’18 and $6,000 for ’19 (and $6,500 & $7,000 respectively if you are older than age 50). If you can't manage the entire amount in January, put in $500 monthly. Automating deposits in an employer-defined contribution plan is easy. Fortunately, automating saving in a Roth IRA or a taxable savings plan is equally painless. Most brokers offer an automatic money link between your checking account and an investment account. Set your savings on autopilot, and you’ll get major momentum.

02/12/2019

4 Ways to Have a Great 2019

#2 Automate your savings (AKA Pay Yourself First). You can start by getting the entire match if your company offers a 401(k) plan. Usually this translates to saving 5% of your salary while the company contributes a 4% match, which is the fastest way to get an 80% return on your money. Most Americans forgo this match, believing they need to spend 100% of their salary. But you can learn to think like a millionaire and live well on 95% of what you make. you don't have a 401(k) plan, act like you do, and sock away 5% automatically.

02/07/2019

4 Ways to Have a Great 2019

#1 MOST CRITICAL: Resolve to become (and stay) debt
free. Now, I'm not Dave Ramsey, but there's a reason why he's become so popular: his approach works. I'd say that can have a fixed-rate fixed-year traditional mortgage on your house -- but nothing else, please. No equity line of credit on your house. No car payments. Certainly no credit card debt. Because you simply have to learn to live within your income -- which, unfortunately, sometimes means going without. The millionaires among us really are frugal. So learn to enjoy that process, and it's a fantastic start.

Stay tune for the other ways.

01/28/2019

It's official - Tax season is open!

11/20/2018

La temporada de impuestos se esta acercando, queremos dejarle saber de los cambios al codigo de impuestos para que no sea sorprendido. Una forma es revisando la cantidad de retención de su cheque o si trabaja por cuenta propia, el estimado de impuestos que debe.
Estaremos encantados de revisar la cantidad de retención con usted y hablar de como el nuevo codigo de impuestos le afecta personalmente.
Siéntase con libertad de hacer una cita con nosotros hoy.

11/06/2018

With tax season only a few months away, we would like to take this moment to pass an update from the IRS. The IRS is cracking down on every Tax Professional to make sure they are safeguarding their clients information. With scammers constantly using new methods to gain access to sensitive data, we want to give you a few tips on how to protect your information.

Do not download attachments or open links from unknown senders.

The IRS will ALWAYS initiate contact by sending a letter through the United Postal service. If you are contacted by someone from the IRS, call 800-829-1040 to make sure it is the IRS.

Before sending or giving your personal information to a tax professional, understand their security policy. NEVER send your personal information in an email without an encryption or a unsecured website. (Secured websites will always have an (s) after http.)

These are just a few precautions you are able to take to protect your information.
Our clients can have the confidence we are protecting their information from the moment we receive it.

10/30/2018

With tax season rapidly approaching, make sure you are not caught by surprise with the tax rules, tax withholding and self-employment tax. Make an appointment with us today. We will gladly go over your specific situation with you!